First Horizon Advisors Inc. Reduces Stake in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD)

First Horizon Advisors Inc. cut its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,471 shares of the exchange traded fund’s stock after selling 378 shares during the period. First Horizon Advisors Inc.’s holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF were worth $264,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LQD. Payden & Rygel bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF in the third quarter valued at $51,877,000. Continuum Advisory LLC lifted its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 6.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,946 shares of the exchange traded fund’s stock worth $211,000 after purchasing an additional 124 shares during the period. Private Trust Co. NA boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 7.9% during the 3rd quarter. Private Trust Co. NA now owns 9,844 shares of the exchange traded fund’s stock valued at $1,112,000 after purchasing an additional 724 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 32.8% during the third quarter. Janney Montgomery Scott LLC now owns 70,648 shares of the exchange traded fund’s stock valued at $7,982,000 after buying an additional 17,437 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its stake in iShares iBoxx $ Investment Grade Corporate Bond ETF by 1.8% in the third quarter. Creative Financial Designs Inc. ADV now owns 5,502 shares of the exchange traded fund’s stock worth $622,000 after buying an additional 98 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

Shares of LQD opened at $109.36 on Wednesday. The company has a 50-day simple moving average of $107.11 and a two-hundred day simple moving average of $109.49. The firm has a market capitalization of $30.88 billion, a PE ratio of 33.07 and a beta of 0.43. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $104.14 and a one year high of $114.07.

iShares iBoxx $ Investment Grade Corporate Bond ETF Profile

iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund), formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules-based index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States.